Month: December 2022

Stay Tuned for Year-End Commentary

As Christmas and Year-End 2022 approach there is a long list of topics to consider, including:

  • How to quantify the first truly down year for the markets since 2009
  • What inflation and higher interest rates mean going forward in 2023
  • How to approach higher taxes for those still working and those receiving Social Security
  • The timeless investing paradigms that have not changed
  • How much to diversify a portfolio while still paying attention to risk and liquidity
  • How to approach Long-Term Care decisions, both present and future
  • Changes made to gifting limits for 2023 (limits increased)
  • Changes made to IRA and 401k contribution limits in 2023 (limits increased)
  • What is next for cryptocurrency trading and valuation
  • What to serve for the Holiday meal (perhaps the most urgent item on the list).

What topics might be on your mind? Stay tuned for a Year-End commentary!

Thank you for reading, enjoy last minute shopping and TGIF!

TGIF 2 Minutes – Crypto Quarterly, vol. 4

Crypto is, of course, not dead. But the world of cryptocurrency could be considered seriously injured. Here are a few stats from 2022:

  • Bitcoin, on fire in 2021, has seen its price drop over 75% from its record high. Since only May 2022, Bitcoin’s value is down by half.
  • Coinbase, the first publicly listed and largest US cryptocurrency exchange, has seen its stock drop 80% from the time of its listing.

Continue reading “TGIF 2 Minutes – Crypto Quarterly, vol. 4”

Beware of Money Scams

Just in the past week, two friends notified me they had been party to a money scam or potential money-related email hack. Going back further in time, there are numerous instances where a client or friend has made it known they were, regrettably, on the losing side of a money-related scam.

Look no further than this week’s news on a larger scale: due to recent, repeated money-request scams via the online payments network Zelle, major banks and financial institutions including JP Morgan, Bank of America, Capital One, and PNC Financial announced talks to reimburse scammed Zelle customers (Zelle is an online payments network in which various major banks participate).

All of these events prove that money-related scams are no longer isolated incidents.

Even intelligent people can accidentally find themselves in the midst of these gift card scams or urgent calls for money from what seems to be the IRS, the FTC (Federal Trade Commission), or Social Security.

Continue reading “Beware of Money Scams”